|Symbol||Stock||Price change today|
|DPZ||Domino's Pizza Inc Common Stock||1.35%|
|CVCO||Cavco Industries Inc.||0.95%|
|SAM||Boston Beer Company Inc. (The)||0.43%|
|SUI||Sun Communities Inc. Common St||0.34%|
|ULTA||Ulta Beauty Inc.||0.28%|
|MIDD||The Middleby Corporation||0.22%|
|GWR||Genesee & Wyoming Inc. Class A||0.21%|
|HDSN||Hudson Technologies Inc.||0.15%|
|AYI||Acuity Brands Inc (Holding Comp||0.15%|
|BABA||Alibaba Group Holding Limited A||0.13%|
|SWKS||Skyworks Solutions Inc.||-0.03%|
|EXR||Extra Space Storage Inc Common||-0.19%|
|TMO||Thermo Fisher Scientific Inc Co||-0.21%|
|AMAT||Applied Materials Inc.||-0.25%|
|ALGN||Align Technology Inc.||-0.36%|
|CRUS||Cirrus Logic Inc.||-0.42%|
|PCLN||The Priceline Group Inc.||-0.50%|
|STZ||Constellation Brands Inc. Comm||-0.50%|
|MEI||Methode Electronics Inc. Commo||-0.57%|
|HZO||MarineMax Inc. (FL) Common St||-0.67%|
|EW||Edwards Lifesciences Corporatio||-0.75%|
|MNST||Monster Beverage Corporation||-0.77%|
|AZPN||Aspen Technology Inc.||-0.78%|
|CBPO||China Biologic Products Inc.||-0.92%|
|MET||MetLife Inc. Common Stock||-0.98%|
|LULU||lululemon athletica inc.||-0.99%|
|MRK||Merck & Company Inc. Common St||-1.06%|
|TRN||Trinity Industries Inc. Common||-1.14%|
|HOG||Harley-Davidson Inc. Common St||-1.17%|
|BWLD||Buffalo Wild Wings Inc.||-1.22%|
|COF||Capital One Financial Corporati||-1.25%|
|MCK||McKesson Corporation Common Sto||-1.26%|
|ALXN||Alexion Pharmaceuticals Inc.||-1.60%|
|REGN||Regeneron Pharmaceuticals Inc.||-1.67%|
|UA||Under Armour Inc. Class C Comm||-3.20%|
|GTN||Gray Communications Systems In||-3.30%|
Call your congressman and tell him/her to not tax your 401(K)!
In the early stages of negotiating tax reform, Congress is already considering whether to reduce the benefits of contributing to a 401(k) and similar retirement plans
A reliable retirement is “a four-legged stool,” says David Kabiller, co-founder of AQR Capital Management in Greenwich, Conn., and co-author of a recent article on how to design retirement programs. Those four legs are a traditional pension, a 401(k)-type plan, Social Security and supplemental savings in taxable accounts. “Eliminate or restrict any of those,” he says, “and you make achieving a secure retirement more challenging.”
Yet that is what Congress, perched securely on its taxpayer-funded four-legged stool, is considering for the rest of us.
In the next round of tax reform, “it’s not really a question of whether retirement plans will get a haircut, but of how much,” says Bradford Campbell, a partner in the law firm of Drinker Biddle & Reath in Washington, D.C., who served as assistant Secretary of Labor under Pres. George W. Bush.
That’s because the money you contribute to 401(k)s and several other types of retirement plans isn’t subject to current income tax. Nor are your future earnings on those accounts — until you take them out to live on in retirement, when your withdrawals will be taxed as ordinary income.
If your retirement dollars were treated, instead, like contributions to a Roth Individual Retirement Account or Roth 401(k), they would be taxed before you put them in. You could ultimately withdraw the money tax-free in retirement, but the incentive of getting an upfront tax break would be gone.
Taxing retirement-plan contributions Roth-style would generate roughly $1.5 trillion over the next decade the way the government reckons the numbers, estimates Mr. Campbell. So giant a pot of honey may be hard for Congress not to raid.
“We definitely need comprehensive tax reform,” says Mr. Campbell. Unfortunately, when lost revenue has to be replaced, “it’s a game of winners and losers, and the retirement system is poised to be one of the losers.”
It’s hard for most people to save for a goal that glimmers faintly decades in the future. Take away the tax incentive, and many savers might no longer see the point of even trying.
Fully 39% of Americans don’t feel very confident in their ability to fund a comfortable retirement, according to a recent survey. It’s safe to say none of those worried folks are members of Congress.
Instead of penalizing retirement saving, lawmakers should be making it easier, perhaps even mandatory — as it is for members of Congress.
For workers struggling to set money aside, says Mr. Kabiller, “mandatory savings could help impose the discipline of giving up compensation today in order to fund your longevity down the road.”
As an example of the success that my book teaches, in a 7 year time frame from January 3, 2006 to December 31, 2012, Decker Corporation increased 304.7% if you would have implemented a pure buy-and-hold strategy. If you would implemented the strategy that I explain in my book, The Confident Investor, you would have seen a 371.2% return on your investment. This is a 21.8% increase on the profit percentage.
Can your investment system beat the market by that much?
Thank you for being a registered book owner. Please remember that the below indicators should NOT be considered signals for you to invest in or sell any of these stocks. Rather, you should double check all analysis and understand that the decision to invest in or sell one of these stocks is purely your own. This information is purely provided for educational purposes.